Archives Tag: Debt
Naira Rebounds as CBN Clears Forex Debt Backlog
April 19, 2022
The naira has surged to N1,120 against the dollar in response to the Central Bank of Nigeria’s action to clear some of its FX backlog on Thursday. This marks an increase of N50 or 4.27 per cent compared to the N1,170 it traded for on Wednesday. Read more about Finance Currency traders, also known … Continue reading Naira Rebounds as CBN Clears Forex Debt Backlog
Debt Vs Equity Finance: Which Is Better For Your Business?
April 19, 2022
If you’re seeking funding for your business, there are multiple sources of finance you can choose from. You may either utilize funds that you have saved up or hunt for external support. If you opt for the latter, you could go for debt or equity financing. Read more about Business Debt financing options include bank … Continue reading Debt Vs Equity Finance: Which Is Better For Your Business?
How To Leverage Debt To Grow Your Business
April 19, 2022
Most businesses prefer to incur debt instead of seeking equity financing. It’s easy to see why. In the latter case, they’d have to relinquish ownership of a portion of their business to a financier in exchange for funding. But with debt, they get to retain ownership of their business. All they need to do is … Continue reading How To Leverage Debt To Grow Your Business
10 Must-Do Things After You Finally Become Debt Free
April 19, 2022
Paying off your debts and being debt-free is one of the most satisfying achievements of your life. Imagine not having to worry about making payments or scraping together enough money to pay them off. However, there is one looming question that everyone must address after becoming debt-free: “What am I going to do now?” What … Continue reading 10 Must-Do Things After You Finally Become Debt Free
Loan Shark And How It Works
April 19, 2022
There are times when people, especially business owners, run out of funds and as a result of their desperation, they end up borrowing money from the wrong set of individuals known as Loan Sharks. Read more about Finance A loan shark is an unlicensed person or an entity who offers loans illegally and at extremely … Continue reading Loan Shark And How It Works
5 Ways To Overcome Business Debt
April 19, 2022
Being in financial debt – for too long – as a business owner can be frustrating and distracting. However, debt is not a bad thing; it can be used to grow your business, such as purchasing more items, expanding your product line and so on. The dark side of financial debt in business is … Continue reading 5 Ways To Overcome Business Debt
How To Come Out Of Debt
April 19, 2022
It has become a common trend for individuals, especially young people to live above their means and constantly be in debt. This is a clear indication of the insatiable needs of people, driven by a constant lack of contentment or comparison with others. Read more about Finance However, incurring debt or the processing of … Continue reading How To Come Out Of Debt
The Implications Of Racking Up More Government Debt In A Time Of Crisis
April 19, 2022
As the onset of the Coronavirus pandemic has sent Nigeria’s economy into dire straits, the government has once again found itself running to the International Monetary Fund (IMF) for loans tagged as Emergency Funds. Details available as of press time reveals that the IMF loan is a $3.4 billion facility with a 5 year tenor … Continue reading The Implications Of Racking Up More Government Debt In A Time Of Crisis
By adedoyin
Is The Buhari Administration Trying to Sink Nigeria Into A Debt Trap Again?
April 19, 2022
Reports reaching media channels on Thursday, March 6, indicated that the Senate has approved the $22.7 billion loan request which the presidency presented to the Upper Chambers of the National Assembly recently. With the impending economic crisis which the recent Coronavirus pandemic threatens to throw many economies in the world, Nigeria does not seem to … Continue reading Is The Buhari Administration Trying to Sink Nigeria Into A Debt Trap Again?
By adedoyin
ThrowBack Thursday: Nigeria’s Debt Relief, 2006
April 19, 2022
Nigeria, home to one in five Africans and with over 100 million people as of 2006, was once Africa’s most indebted nation. However, on 21st April 2006, as part of a chain of strategies deployed by experts to get some breathing space, Nigeria made a final payment to the 19-nation-strong Paris Club of Creditors which … Continue reading ThrowBack Thursday: Nigeria’s Debt Relief, 2006
By adedoyin
10 Business Lessons to Learn from 2018
April 19, 2022
This year has probably been just business as usual for you. Maybe it’s actually been brilliant (you’ve shovelled in large profits) or horrendous (you’ve made significant losses). Regardless of how the year has panned out for you, there are a handful of business lessons you must have learnt as you journeyed through it. Because most … Continue reading 10 Business Lessons to Learn from 2018
Personal Finance: 7 Things We Know We Should Be Doing, But Aren’t
April 19, 2022
We know how in marriage, life and laziness get in the way of applying the knowledge that we have. Interestingly, the same thing happens when it comes to personal finance; we acquire tons of knowledge but how much of it do we apply? Here are a few personal finance basics, few people take their time … Continue reading Personal Finance: 7 Things We Know We Should Be Doing, But Aren’t
By jehonwa
How To Get Your Business Out of Debt
April 19, 2022
It’s easy to get hooked by debt. Overly optimistic expectations about revenues may inspire entrepreneurs to take up a loan or purchase large supplies on credit. Emergencies may shoot into the fray, forcing usually prudent business owners to seek out funding from outside the safety of his venture’s coffers. Unusually poor sales could squeeze a … Continue reading How To Get Your Business Out of Debt
BUSINESS LIFESTYLE Personality
How to Stop Living Salary to Salary
April 19, 2022
By Joy Ehonwa “Blessed are they who finish their December salary in December, for they shall discover the true meaning of endurance in January.”– Facebook Update. When I saw that status update I started chuckling, and then stopped abruptly when I realized there actually will be some people who would have a tough January because … Continue reading How to Stop Living Salary to Salary
By jehonwa
Nigerian Budget Office Releases Proposed Expenditure Framework and Fiscal Strategy Till 2015
April 19, 2022
The Nigerian Budget Office has released a document on proposed expenditure framework and fiscal strategy in Nigeria, between now and 2015. This follows the presentation of the 2013 Budget by President Jonathan, a week ago. The document is a 15 – page paper, with tables, charts and write-ups projecting the expenditure of the Federal Government … Continue reading Nigerian Budget Office Releases Proposed Expenditure Framework and Fiscal Strategy Till 2015
By david
